MetalsGrove Mining Limited (ASX: MGA) has expanded the Bruce Rare Earth (REE) Prospect with positive assays from a Phase two (P2) follow-up grid spaced soil sampling programme.
The Bruce Prospect is located within the company’s Arunta Project, north of Alice Springs in the Northern Territory.
Assays from the P2 grid spaced soil sampling programme have returned several excellent outcomes, including the confirmation of two 3,000m by 300m carbonatite REE anomalies at the Plenty River target which sits within the Bruce Prospect.
Best soil sampling results include: 1,30ppm TREO, 35% HREO/TREO, 30% MREO/TREO, 22% NdPr/TREO, 19% Y2O3/TREO.
The company’s maiden RC drilling programme at Bruce confirmed high-grade REE carbonatite mineralisation. Highlights from this maiden drilling programme included carbonatite REE grades of up to 7,000 ppm (0.70%) TREO, 35% MREO/TREO, 28% NdPr/TREO and 36% Y2O3/TREO with multiple zone.
MGA is very encouraged by these latest assays which further confirm the considerable REE potential within along our 9km mineralised trend at the Bruce Prospect,” Managing Director, Sean Sivasamy, said.
“In particular, the Plenty River target appears to be very interesting given we have identified two new anomalies each covering an area of 3,000m x 300m and surface samples have returned grades up to 1,130 TREO. These targets will be a priority focus for our next round of drilling at Bruce.
“We are currently finalising our next suite of drilling targets ahead of the recommencement of drilling at Bruce which is scheduled immediately following the receipt of all necessary approvals. MGA has a busy pipeline of work planned for the coming months and I look forward to providing regular updates on progress.”
Soil sampling programme
RC drilling and soil of carbonatite dyke outcrops at Bruce have confirmed large area of high-grade REE mineralisation.
The pegmatite and carbonatite dyke outcrops at Bruce are generally highly weathered. The Phase one (P1) soil sampling was completed on the high priority geophysical anomaly and carbonatite dyke outcrops. The Phase two (P2) grid spaced soil sampling was designed to test the remaining carbonatite dyke outcrops and geophysical anomalies along the 9km carbonatite corridor in order to define new targets for the upcoming Phase two drilling programme.
Final target generation work is now being completed by MGA’s technical team ahead of the planned Phase two drilling at Bruce which is scheduled to commence following receipt of all necessary approvals.
